Cryptocurrency Market 24-Hour Leverage Liquidation Analysis: Ethereum Liquidation Amount Reaches $11.78 Million

Source: TokenPost Original Title: Cryptocurrency Market Liquidates $17.56 Million in Leverage Positions in 24 Hours Original Link:

Market Overview

In the past 24 hours, the cryptocurrency market experienced approximately $17.56 million (about 25.7 billion yuan) in leverage position liquidations. Among the main cryptocurrencies, Ethereum recorded the highest liquidation amount ($11.78 million), with most exchanges showing a predominance of long position liquidations.

Exchange Liquidation Distribution

According to data, long positions account for the vast majority of liquidated positions. By exchange, a leading platform liquidated about $9.17 million (52.19%), making it the platform with the most liquidations.

Exchange Rankings:

• Leading Exchange: $9.17 million (52.19%), with long positions accounting for 74.67%
• Exchange: $3.93 million (22.36%), with long positions accounting for 82.55%
• Exchange: approximately $1.73 million (9.85%), with long positions accounting for 78.18%
• DEX Platform: Uniquely shows a short position liquidation ratio of 57.37%, the only exception

Cryptocurrency Liquidation Data

Bitcoin (BTC)

• 4-hour basis: approximately $1.2 million long liquidation
• 24-hour basis: $5.21 million liquidation

Ethereum (ETH)

• Approximately $11.78 million in liquidation within 24 hours, the highest among major coins

Other Major Cryptocurrencies

• ZEC (current price $527.91): a total of $5.06 million in large-scale liquidation within 24 hours, including $216,000 long liquidation and $248,000 short liquidation within 4 hours, showing balanced liquidation features
• SOL (current price $123.24): $940,000 long liquidation within 4 hours, totaling $2.8 million in liquidation over 24 hours
• DOGE (current price $0.12337): approximately $120,000 long liquidation within 4 hours
• HYPE (current price $24.977): approximately $107,000 long liquidation within 4 hours

Other notable liquidated coins include FLOW ($2.52M), STORJ ($1.79M), RVV ($1.51M), AT ($1.50M), etc.

Market Characteristics Analysis

Overall liquidation data shows that long position liquidations dominate across most exchanges. Notably, some coins like ZEC exhibit both large-scale long and short liquidations, reflecting increased market volatility.

Key Interpretations

• ZEC shows balanced long and short liquidations, indicating its volatility may further increase
• The unique phenomenon of short position dominance on a certain DEX platform warrants attention
• Ethereum’s liquidation amount surpasses Bitcoin, signaling increased volatility in the altcoin market

Terminology Explanation

• Liquidation: Forced liquidation triggered when an investor’s margin falls below the maintenance margin in leveraged trading
• Long Position: A buy position established with the expectation that the price will rise
• Short Position: A sell position established with the expectation that the price will fall